You are to complete the June 30 bank reconciliation for Huang, Limited using the following information: a) Outstanding checks: No. 181 $350 No. 184 $300 No. 185 $225 b) Check no. 142 (for Repair Expense) was written for $320 but erroneously recorded in Huang's records as $230. c) Deposit in transit $3,300 d) Note collected by bank as Huang’s agent (no interest) $2,000 e) NSF check ofI.M. Broke.. . $250 f) Bank service charge.. $30 Given: Use the following framework to prepare the bank reconciliation.
You are to complete the June 30 bank reconciliation for Huang, Limited using the following information: a) Outstanding checks: No. 181 $350 No. 184 $300 No. 185 $225 b) Check no. 142 (for Repair Expense) was written for $320 but erroneously recorded in Huang's records as $230. c) Deposit in transit $3,300 d) Note collected by bank as Huang’s agent (no interest) $2,000 e) NSF check ofI.M. Broke.. . $250 f) Bank service charge.. $30 Given: Use the following framework to prepare the bank reconciliation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Question 3
You are to complete the June 30 bank reconciliation for Huang, Limited using the following information:
а)
Outstanding checks:
No. 181
$350
No. 184
$300
No. 185
$225
b)
Check no. 142 (for Repair Expense) was written for $320 but erroneously recorded in Huang's records
as $230.
c)
Deposit in transit.
$3,300
d)
Note collected by bank as Huang's agent (no interest)
$2,000
e)
NSF check of I.M. Broke..
$250
f)
Bank service charge.
$30
Given: Use the following framework to prepare the bank reconciliation.
Huang, Limited Bank Reconciliation as at June 30, 2013
Balance per bank statement, June 30.
$13,265
Add:
Less:
Adjusted balance
Balance per depositor's records, June 30
$14,060
Add:
Less:
Adjusted balance (as above)
$
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